2023 Market Center Blvd - Hospitality FOR SALE
Dallas, TX 75207 |
2023 Market Center Blvd
Dallas, TX 75207
HIGHLIGHTS
- Rare opportunity to purchase a 98-room, limited-service, Best Western located on 1.51 acres of land in the highly desirable Design District.
- The Hotel’s room revenue for May and April 2022 is 54% higher compared to the same period in 2021 and 11% higher compared to the same period in 2019.
- This is in an extremely high barrier to entry market due to the high land prices in this area, proximity to Downtown Dallas, and much more.
- Currently operated by a large absentee owner, with significant upside for an owner-operator through reducing expenses and improving room revenue.
- The Hotel site does not have height restrictions and is a great opportunity for future re-development.
- 2023 Market Center Blvd is less than 10 minutes from downtown Dallas and 15 minutes from DFW International Airport.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Best Western in Dallas' Design District
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
22335
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1967
PARKING SPACES
92
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Z116
APN/PARCEL ID
00000775672000000
